Suppose a certain firm is able to produce 165 units of output per day when 15 workers are hired. The firm is able to produce 176 units of output per day when 16 workers are hired (holding other inputs fixed). Then the marginal product of the 16th worker is

Bonds with ________ tend to have lower interest rates than bonds with ________

A) high liquidity; low liquidity B) high default risk; low default risk C) longer maturity; shorter maturity D) high tax burdens on their interest; low tax burdens on their interest

A business enterprise that allows the hiring of nonunion members conditional on their joining the union is

A) a closed shop. B) a union shop. C) a jurisdictional dispute. D) an industrial union.